43rd GST council meeting was held today and people are having many expectations from this meeting. As of now all the details are not available as same will be announced by Finance Minister in a press release at 7 P.M.
Currently sources suggest that an amnesty scheme has been announced by GST council for non-filers for GSTR 3B i.e. for people who have not filed their GSTR 3B and are not able to file future returns.
According to sources the scheme shall provide a concession in late fees as under:
Rs. 500 per GSTR 3B return where Nil GSTR 3B is to be filed as against Rs. 20 per day late fees.
Rs. 1000 per GSTR 3B return where other than Nil GSTR 3B return is to be filed as against Rs. 50 per day late fees.
Let’s wait for full declaration about the amnesty scheme and other relief if any after the press release.